18)King Nothing is evaluating a new 6-year project that will have annual sales of $445,000 and costs of $305,000. The project will require fixed assets of $545,000, which will be depreciated on a 5-year MACRS schedule. The annual depreciation percentages are 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent, 11.52 percent, and 5.76 percent, respectively. The company has a tax rate of 40 percent. What is the operating cash flow for Year 3?

A)$97,856

B)$125,856

C)$146,784

D)$109,114

E)$120,333

19)Galvatron Metals has a bond outstanding with a coupon rate of 6.7 percent and semiannual payments. The bond currently sells for $1,863 and matures in 21 years. The par value is $2,000 and the company's tax rate is 40 percent. What is the company's aftertax cost of debt?

A)4.41%

B)3.67%

C)4.67%

D)3.43%

E)4.07

20)You want to retire exactly 40 years from today with $2,060,000 in your retirement account. If you think you can earn an interest rate of 10.51 percent compounded monthly, how much must you deposit each month to fund your retirement?

A)$276.27

B)$297.27

C)$4,291.67

D)$278.69

E)$337.50